Liverpool's captain Steven Gerrard kises the trophy after Liverpool's victory in the the UEFA Champions League Final between AC Milan and Liverpool at the Ataturk Olympic Stadium in Istanbul, Turkey,Wednesday May 25, 2005. Liverpool won the match 3-2 on penalties.[Photo/IC]

Until then, the No 8 insists he will continue to concentrate all his efforts on helping Brendan Rodgers' side achieve both domestic and European success.

Explaining his decision, Gerrard said: "This has been the toughest decision of my life and one which both me and my family have agonized over for a good deal of time.

"I am making the announcement now so that the manager and the team are not distracted by stories or speculation about my future.